Tanzania Petroleum Development Corporation

Tanzania Petroleum Development Corporation
Parastatal
Industry Petroleum and Natural gas
Founded 30 May 1969 (1969-05-30)
Headquarters Dar es Salaam, Tanzania
Key people
 J. P. Mataragio (MD)
Owner Tanzanian Government (100%)
Number of employees
 400
Subsidiaries Petrotan
Gasco
Website www.tpdc-tz.com

The Tanzania Petroleum Development Corporation (TPDC) (Swahili: Shirika la Maendeleo ya Petroli Tanzania) is the national oil company of Tanzania and owner of all licenses for energy development in the country.[1] In the summer of 2015, the Parliament of Tanzania passed three legislative Acts dealing with energy and directly impacting TPDC: the Petroleum Act 2015, the Tanzania Extractive Industry (Transparency and Accountability) Act 2015, and the Oil and Gas Revenues Management Act 2015.[2]

According to The Economist, "Estimates put the country’s reserves at a little over 50 trillion cubic feet of gas, a figure the government thinks may double as additional exploration wells are drilled, making them potentially a considerable potential source of revenue."[3]

References

  1. ↑ Sam Moyo; Michael Sill; SAPES Trust; Southern Africa Regional Institute for Policy Studies (1 April 1999). Energy policy and planning in southern Africa. SARIPS of SAPES Trust, Regional Office. ISBN 978-1-77905-096-0. Cite uses deprecated parameter |coauthors= (help)
  2. ↑ "EY Global Tax Alert: Tanzania enacts legislation impacting the oil and gas industry" (PDF). Ernst & Young. Retrieved 7 January 2016.
  3. ↑ "Tanzania's troubles over gas revenue Sharing the spoils". The Economist. Retrieved 7 January 2016.



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